29 May 2009

PLAN YOUR TRADE AND TRADE YOUR PLAN


"Planning is great matter to a general (Forex Trader); it is the ground of death and life; it is the way of survival and of destruction,and must be examined...before doing battle,one calculates and will win,because many calculations were made"

-a quote from The Art of War by Sun Tzu - {Fxbootcamp}



By reading the market first and then make a logical entry and exit decision based on your thoughtful analysis in advance,you reduce the risk of making poor trade. You simply set a trap for price. If price falls into your trap,you trade your plan. If it does not,you set another trap and wait..

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